Ahmad Hamad Algosaibi & Bros

At least 13 UAE babnks, seven foreign banks affected, says central bank.

UPDATE 1: Upbeat numbers come despite 2 ratings downgrades issued back in June.

UPDATE 2: Fall due to decline in management fee and trading ops income exceeding increase in deposits.

UPDATE 2: UAE bourses direct banks to detail exposure and provisions for Saad, Algosaibi.

Mashreq chief says banks have capital strength to cover exposure to firms.

Central bank appoints two law firms to oversee units of troubled Saudi firms Saad and Algosaibi.

UPDATE 2: Jordan bank says exposure to Saudi's Saad and Algosaibi will not impact financial position.

Bank confirms relatively minor exposure to troubled Saudi conglomerates Algosaibi and Saad.

Qatari newspaper cites comments from bank's exec GM, Ali Ahmed al-Kuwari.

Gulf's 2nd largest Islamic lender does not reveal level or purpose of provisions.

Investors in troubled conglomerate look for representation at creditor meetings.

Sovereign wealth funds look to add stimulus to local markets rather than invest overseas.

UPDATE 1: Exec says bank could tap into $2bn note programme set-up last year.

Saudi family holding company reportedly owes money to more than 100 banks.

The Kingdom’s muddy investment rules are failing to deter foreign inflows.